What’s Behind XRP’s $155B Market Cap and 11.64% Price Surge?
- XRP’s market cap hits $162B with an 11.64% price surge in 24 hours.
- Large wallet accumulation drives XRP’s price rise, adding $3.8B since November.
- Technical indicators show strong bullish momentum for XRP, with rising RSI and MACD.
XRP has soared, reaching a market capitalization of over $155 billion. The token is currently trading at $2.83, marking an 11.64% increase in the last 24 hours.
This price surge comes with a 9.22% increase in trading volume, reaching $11.25 billion at the time of writing. This heightened activity demonstrates growing investor interest in XRP and its resilience in the market.
Investor Accumulation Fuels XRP Price Surge
Large wallet accumulation is what’s been driving the latest XRP’s price surge. According to Santiment, wallets holding between 1 million and 10 million XRP have boosted their holdings by 37% since November 2024. This accumulation has added $3.8 billion worth of XRP to these portfolios, signaling increasing investor confidence.
XRP investors are pleased to see the #3 market cap asset reach $2.69…
The post What’s Behind XRP’s $155B Market Cap and 11.64% Price Surge? appeared first on Coin Edition.
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What’s Behind XRP’s $155B Market Cap and 11.64% Price Surge?
- XRP’s market cap hits $162B with an 11.64% price surge in 24 hours.
- Large wallet accumulation drives XRP’s price rise, adding $3.8B since November.
- Technical indicators show strong bullish momentum for XRP, with rising RSI and MACD.
XRP has soared, reaching a market capitalization of over $155 billion. The token is currently trading at $2.83, marking an 11.64% increase in the last 24 hours.
This price surge comes with a 9.22% increase in trading volume, reaching $11.25 billion at the time of writing. This heightened activity demonstrates growing investor interest in XRP and its resilience in the market.
Investor Accumulation Fuels XRP Price Surge
Large wallet accumulation is what’s been driving the latest XRP’s price surge. According to Santiment, wallets holding between 1 million and 10 million XRP have boosted their holdings by 37% since November 2024. This accumulation has added $3.8 billion worth of XRP to these portfolios, signaling increasing investor confidence.
The post What’s Behind XRP’s $155B Market Cap and 11.64% Price Surge? appeared first on Coin Edition.
Read More